Last month in this column, I discussed how I believe concerns about milk consumption declines are overblown. Although consumption has dropped since 1945 — a much different time — other segments of dairy have picked up the slack.
More evidence of a strong dairy industry can be found in the International Dairy Foods Association’s (IDFA) Economic Impact Study, which measures the combined impact of the dairy industry, including the milk, cheese, ice cream, cultured dairy products, and ingredients sectors. It reported the U.S. dairy industry’s economic impact at a staggering $793.75 billion.